Lars K. Soreide, of Soreide Law Group, Files a FINRA Arbitration Against National Securities Corporation for the Sale of Roundstone Healthcare Capital Partners

Lars K. Soreide, of Soreide Law Group, PLLC, filed a FINRA arbitration in February of 2012, against National Securities Corporation alleging: negligence, negligent supervision, and breach of fiduciary duty, due to among other unsuitable investments, the sale of Roundstone Healthcare Capital Partners. Recently, Roundstone Healthcare Partners, and its affiliates, have filed a RICO suit against numerous defendants in “GREENFISH II, L.P. et al v. INTERNATIONAL PORTFOLIO, INC. et al,” which alleges that Roundstone and their affiliates were sold portfolios of medical receivables at artificially inflated values with no real ability to resell. Roundstone then, through stock brokers and financial advisors, sold these receivables to the general public states securities attorney, Lars K. Soreide.

 

Roundstone Healthcare Capital has purchased more than $2 billion of discounted portfolios of hospital patient-care receivables. The firm receives returns for its investors through collection efforts and the eventual resale of the portfolios into the secondary credit collection markets. Many brokers and broker dealers recommended this investment to their customers with doing little or no due diligence.